Bitcoin Hits Yearly High As Market Celebrates Institutional Influx

Key Takeaways

• Bitcoin soared to a 12-month high of $31,470 on the back of more ETF filings. Bullish.
• Bitcoin dominance rallies above 50% as more investors flock to crypto’s safest asset.
• EDX, an exchange backed by major U.S. financial firms, went live and is listing BTC, ETH, LTC and BCH. Institutional adoption continues.
• Layer 2 season continues with updates from Zora, Coinbase and Binance. More adoption of layer 2s should increase demand for ETH.